Niederhoffer is apparently on a list of possible props that Goldman can use to distract inquiring minds from scrutinizing its own, and Thomas Lee's own, nearly unbelievable blunders in the Refco IPO disaster and subsequent divvying up of the spoils.

GS and Thomas Lee are supposed to be at the pinnacle of their respective fields. Yet they were in the driver's seat on this deal that any b-grade investment banker would probably have seen right through. It's like Jeff Gordon driving with his eyes shut.

thanks, cp. MANY facts were left out of that piece of shoddy journalism.

surfer

More...

I can't believe the recklessness of the WSJ article... and I was glad to see VN react in a calm and measured way. If it was me, I'd probably sue them, reputation notwithstanding, in a heartbeat. While I do not endorse traders selling books who have blown up multiple times, comebacks or not, and don't find VN's material helpful, I have to say that he was grossly and unfairly linked to the Refco debacle. Also, to come back after such a loss in 1997 required massive courage and determination, which I think everyone can be inspired by